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FOX Business
Jan 15, 2013 9:00pm EST
raising eyebrows say we are not a deadbeat nation, but is he right? and as the debt ceiling comes closer, will the white house use the nuclear option? does he have the legal authority to do so? that's next. this is $100,000. we asked total strangers to watch it for us. thank you so much. i appreciate it. i'll be right back. they didn't take a dime. how much in fees does your bank take to watch your money? if your bank takes more money than a stranger, you need an ally. ally bank. your money needs an ally. ♪ gerri: is another credit downgrade coming? fitch warning today they will downgrade the u.s. triple-a-rated give the debt ceiling is not raised. with more of possible economic fallout, moody's chief economist. all right. if they do this, what happens to the economy, the stock market? >> well, i would think that financial markets have had enough warning of a possible downgrade of the u.s. aaa credit rating by an agency other than s&p, and thus perhaps it would not have that damaging impact. the downgrade was not especially g. that being said there will be a negative psychological shoc
FOX Business
Jan 16, 2013 6:00pm EST
have our work cut out for us. >> i was noticing that since 1990, we have raised the debt ceiling 18 times. back in 1990 come the first time we raised it, the debt ceiling was $3.12 trillion. the debt ceiling is raised, the spending gets raised. and it never comes back down. >> that's right, it goes up and it never comes back down. in the past, sometimes we have insisted on cuts along the way. now we're finding ourselves in a position where we have $16.5 trillion of debt and cuts are not going to cut it anymore. it has to be more than cuts. it needs to be permanent structural spending reform. that's what we need. >> what john boehner headset is dollar for dollar. spending cuts with debt ceiling heights. what should they cut? give me a list. you might we talk about it from the standpoint of cuts, don't think cuts are going to do the job. we have to permanently reform the way washington spends money. >> okay, somebody want to to do that. >> we do that is through an approach that we referred to in the last debt limit debate is cat cut cabin balance for the short of it is to say that we can raise the debt limit we'r
MSNBC
Jan 16, 2013 11:00am PST
ceiling can be raised without a battle. the first read today, this is an interesting development that perhaps will expedite this debt ceiling battle. >> we have a lot more twists and turns to come in the battle. one of the best predictors of whether one side will win or lose and how unify and united that side is. we are seeing fizzures among republicans and conservative writers as well as gop interest groups who are saying we shouldn't pick a fight when it comes to the debt ceiling. maybe it's better to pick a fight over shutting the government down rather than risking the default of the government when it comes to raising the debt ceiling. this is a significant development. it shows a lot of people thought we were looking ahead to the debt ceiling and the republicans had a lot more leverage. that can call it into question. >> that are sounds like the president describes. i use the word lurching to the next crisis ahead. it was the fiscal cliff and then it was republicans will get their day with the debt ceiling. now they will get their day with government shut down. >> you would chat with folks at the white house and president bush indicated this in the press conference he held.
CNBC
Jan 16, 2013 6:00am EST
because the debt ceiling concern and talks, it's been pretty much nonexistent on the industrial -- >> the markets at fresh five-year highs. >> yeah. it's all because we had the fiscal cliff. and it was so volatile coming into it. we saw some massive swings and massive breakdowns coming into it. it seemed like the market was all over the place. with the debt ceiling, everyone thinks they'll kick the can, raise the debt ceiling up, or get resolved within -- >> that mean the market's at risk? it would seem yes, right? >> see, if you -- my opinion of what will happen is if there's any small breakdown in it, you know, if there's threats that they may downgrade the s&p, whatever, we'll see a breakdown in s&p down to like 14.50, 14.40. but there are so many people waiting on the sidelines, so much cash. and people looking at u.s. equities over the safety play. they'll start coming in, they'll buy. it i think it's going to be a good year for the s&p this year. >> what does earnings season do? hearing from jpmorgan and goldman sachs, the financials have been a driver of major averages moving higher this year. >> yeah. a lot of people have such a low bar set for the financials. they've been under pressure for what s
CSPAN
Jan 16, 2013 7:00am EST
washington journal this morning as well. two members of congress. continuing with the debt ceiling, the financial times this morning reports -- on the nomination of chuck hagel, a former nebraskahe ka senator.m he won the support of two key members. his opposition so far has come almost entirely from fellow republicans. those are some of the headlines this morning in the papers. back to our question, do you support executive action on gun- control measures? now to an independent caller. caller: hi. i just wonder if there are any human beings left. the underlying issue has very little to do with politics. considering what just recently happened and why everybody is talking about gun-control. gun-control does not mean eradication of the second amendment. do people expect our president to do nothing about thit? it seems like every time people talk about guns, is such a sensitive issue. there are more sensitive issues, kids growing up in poverty, and being exposed to all these elements, degeneration getting worse and worse. those are the real sensitive issues. when you talk about guns and gun control and prohibiting the purchase of guns to people who should not really have them , that is logical. that is not something so hard to understand. host: mitch in las vegas is a
FOX Business
Jan 16, 2013 5:00pm EST
? the fight over the debt ceiling is in full force. as democratdemocrats propose a o eliminate it completely and the ratings have come out with two scenarios in which it was downgraded the u.s. credit rating. not good news. some republicans are relishing the debt ceiling does indeed have to be raised. joining us now, ihs chief economist and we appreciate you being here. is this fight we are about to have necessary, and what is going to happen to whether it is the global market, 401(k), what will happen to all of us if congress passes this fight? >> this is not a necessary fight. this situation created by congress which sent the debt ceiling from years ago in hopes it would impose some discipline but of course it hasn't because it has been raised and raised and raised and now it is a source of a contentious debate that is still raised, and so it is unnecessary. what we need to do in the u.s. is for the two sides to get together to come up with a comprehensive debt and deficit reduction plan. the debt ceiling and all around it doesn't really solve the problem. it is a waste of time. adam: let me interrupt you because we ha
MSNBC
Jan 15, 2013 4:00pm PST
republicans when it comes to catch this list gun safety, cabinet posts, the debt ceiling. and it's looking like they're finding success. is this a preview of a winning second obama presidential term?? malika henderson is a political reporter for the "washington post," and glen thrush for politico and co-author of the ebook "end of the line." i nice you'd. i missed you. i've seen you on other shows, i've seen some sighting, but thank you for coming back. let's take a look at him now in his first press, the last one of the old year, the president warned republicans not to play politics when it comes to the debt ceiling. here is the president. >> but they will not collect a ransom in exchange for not crashing the american economy. the financial well-being of the american people is not leverage to be used. the full faith and credit of the united states of america is not a bargaining chip. >> and that's yesterday's last press conference of the first presidential term. this morning, newt gingrich of all people reacted by saying the president was bullying republicans. that's a long way fr
MSNBC
Jan 15, 2013 10:00pm PST
can make it anymore clear there is no alternative rational reason for raising the debt ceiling. and on the republican side, susan colins recognized it needed to be raised. that has already occurred. another item coming out of alaska on lisa murkowski, republican senator. at a news board meeting on january 9th, says she doesn't think the debt limit should be used for political leverage. she said not all of her colleagues in the senate will say it out loud. but she believes most agree that failing to raise the debt limit would harm perception of the country. jared bernstein, the momentum seems to be building for increasing insanity on the republican side on this question in congress. >> which is a good thing, one of the lessons here -- and it is interesting, you know, basically if rush limbaugh is upset about this, that means something probably good is happening in politics. >> yes, yes. >> and kind of -- you are really seeing a division within the republicans, obviously, between those who are just very stuck in kind of a mentality towards their base that is obviously very destructive towards that of the broader nation. and a bunch of others who kind of figure a couple of other things, one, we would like
CSPAN
Jan 16, 2013 7:30am EST
that were delayed by two months as part of the fiscal cliff arrangement, and we have the infamous debt ceiling which will come into play.
CNBC
Jan 16, 2013 6:00pm EST
comprehend it's not merely the nation's credit rating that's at risk from the debt ceiling debacle? but the full faith and credit of the republic itself? how long can we shrug off this grand canyon plunge that's coming? as we did again with another benign day, dow tipped 29 points, and nasdaq advance advanced .22%. this is behavior. is the market actually smarter than you and i think? i'm starting to believe the latter and tonight i'm going to tell you why. first, i don't necessarily want to invest in a country if it doesn't pay its bills. dead beat country, but i don't mind if it can't pay for its bills but for a moment refuses to. it must honor its debts no matter what. i believe passionately that we will pay debts in a timely fashion. congress is supposed to hold the purse strings, but the american people are less stupid than washington thinks they are. they lived through another one of these scares. that time, we were frightened, frightened about what a ratings agency downgrade would mean to the country. do you remember where you were that weekend when we got the downgrade? i know where i was. philadelphia eagles training camp. and the news of the downgrade hung over players and fans as if a nation
MSNBC
Jan 15, 2013 11:00pm PST
like this, go ahead, make my day. i think you will see on gun control, debt ceiling, on everything down the road, public pressure from the president rather than wasting his time on events that the republicans don't even want to come to at the white house. >> yeah, howard, my experience in the senate in the '80s and '90s, was simply that, the big difference was opponents treated each other much more respectfully, they did oppose what they were trying to do. but they didn't try to use tricky tactics. they were very open, honest about it. they let each other know well ahead of time. they didn't try to block every maneuver in parliamentary terms. but on anything important, i never saw anybody get a vote out of friendship or socializing snow yeah, i think that is right, i think there were times back then when somebody was >>> does gop mean guns over people? let's play "hardball." ♪ >>> good evening. i'm chris matthews in washington. let me start tonight with this. this afternoon two men were wounded in yet another school shooting. this time in st. louis. today's shooting comes as the republican party is siding with the folks out there who want lots of semiautomatic firepower to fight this country's elected government.
FOX News
Jan 15, 2013 4:00pm PST
. >> plenty more ahead in the coming weeks as they deal with the debt ceiling. also, those automatic cuts to defense and domestic spending. plenty more battles ahead over spending, shep. >> shepard: mike emanuel on the hill. the bill has passed and the president will sign it into law. two weeks after congress approved a separate measure to borrow $10 billion to flood insurance claims from sandy and other disasters. throughout the areas sandy hit hardest we are hearing stories of people growing increasingly frustrated in delays by getting money they need. >> the whole outside of the house was ripped apart with waves. >> the waves washed out 16 years of family mementos from this water front house on new york's long island. >> what you see is exactly how we found it after the hurricane. >> jane long-term says she will -- letterman says she will have to tear down the home she loved. two months after the storm she is still waiting for the insurance payment to get her started. >> this is a shame. it's just a shame that, you know, this had to happen. but the thing to do is to fix it as fast
MSNBC
Jan 15, 2013 7:00pm PST
republicans to come to their senses about the debt ceiling. and in the rewrite tonight, the idiotic things republicans are saying about guns, and why president reagan and president george w. bush would disagree with them. nothing. are you stealing our daughter's school supplies and taking them to work? no, i was just looking for my stapler and my... this thing. i save money by using fedex ground and buy my own supplies. that's a great idea. i'm going to go... we got clients in today. [ male announcer ] save on ground shipping at fedex office. omnipotent of opportunity. you know how to mix business... with business. and you...rent from national. because only national lets you choose any car in the aisle. and go. you can even take a full-size or above. and still pay the mid-size price. i could get used to this. [ male announcer ] yes, you could business pro. yes, you could. go national. go like a pro. kozachik, k >>> a quick update, joy reid and karen finney apparently didn't change the minds of the nra in the first segment, the ad regarding president obama has not been taken down. the ad ha
FOX News
Jan 15, 2013 6:00pm PST
, we may not get a deal of any kind on the debt ceiling. it's pushing them away and fitch says, watch out, here comes a downgrade. this is entirely possible with very serious consequences. >> sean: he could use the kids tomorrow as he announces executive orders as props. >> exploit them. >> sean: exploit them, i agree, that's the right term. interesting, is he going to say to them, by the way i'm the guy that's giving you 10 trillion dollars in debt? is he going to say i'm sorry i broke open your piggy bank, young children? i tend to doubt it. the guy won't deal with spending, stuart. >> no, he will not deal with spending, under any circumstances this president will not cut spending, he will not negotiate on that issue, he will not cut spending. his policy is exactly the same now as it has been for the last four years, which is tax the rich, do not cut spending, ignore the buildup in the debt. he now owns this economy. it is his, it's got his name written all over it. >> sean: he was blaming the republicans, they forced me he to sign these things. >> okay, but here is the thing. >> sean: he blamed geor
CNBC
Jan 15, 2013 7:00pm EST
ceiling is an alarm bell going off telling us we need to cut spending. i'm hopeful that the parties can come together and agree to balancing our budget. i think it is a common sense idea. >> you know, somebody once said that free market capitalism is the best path to prosperity. >> i don't know why general colin powell ignored that. >> all the best on your new position. >> we go to the markets. the dow is up for the 5th day in a row. we are going to talk about that. and look at interesting economic news ahead that could be rather bullish. officeyour business needs...k... at prices that keep you...out of the red. this week get a bonus $15 itunes gift card with any qualifying $75 ink purchase. find thousands of big deals now... at officemax. ♪ [ male announcer ] some day, your life will flash before your eyes. make it worth watching. introducing the 2013 lexus ls. an entirely new pursuit. introducing the 2013 lexus ls. i've always had to keep my eye on her... but, i didn't always watch out for myself. with so much noise about health care... i tuned it all out. with unitedhealthcare, i get information
CNN
Jan 16, 2013 6:00am PST
tough 2011. shares lost almost half their value in 2011, most of it coming after the summer debt ceiling debate. guess what? shares of goldman have gained 48% in 2012. the rally has continued this year. goldman sachs shares right now are up 2.5% in the premarket, carol? >> all right, alison kosik reporting live from the new york stock exchange. >>> a huge winter mess stretches from maine to mississippi. there's a 40-mile backup in massachusetts. new prilosec otc wildberry is the same frequent heartburn treatment as prilosec otc. now with a fancy coating that gives you a burst of wildberry flavor. now why make a flavored heartburn pill? because this is america. and we don't just make things you want, we make things you didn't even know you wanted. like a spoon fork. spray cheese. and jeans made out of sweatpants. so grab yourself some new prilosec otc wildberry. [ male announcer ] one pill each morning. 24 hours. zero heartburn. satisfaction guaranteed or your money back. to help protect your eye health as you age... would you take it? well, there is. [ male announcer ] it's calle
FOX Business
Jan 15, 2013 7:00pm EST
, scare tactics trying to back republicans into going along with the debt ceiling increase. we will take up the impact in tonight's "chalk talk." and the administration looking to enact sweeping immigration reforms in a mass of new laws. we will talk to our guest coming up next. >> this year 3000 people officemax has exactly the ink... your business needs... at prices that keep you...out of the red. this week get a bonus $15 itunes gift card with any qualifying $75 ink purchase. find thousands of big deals now... at officemax. that your mouth is under attack, from fd particles and bacteria. try fixodent. it helps create a food seal defense for a clean mouth and kills bacteria for fresh breath. ♪ fixodent, and forget it. >> america cannot afford another debate with this congress about whether they should pay the bells they have wracked up. if congressional republicans refuse to pay america's bills on time, social security checks and velveterans benefits checks wile delayed. lou: social security and veteran's benefits? that is the president resorta to spare tactics, trying to get the republicans to back down on the debt ceiling debate. you may have noticed that sounded familiar to you? he used same tactics and same language in 2011. nothing original at
CNBC
Jan 16, 2013 5:00pm EST
ceiling talks. no one is going to be spared by this. if the market comes in, i'm going to get a better price. >>> coming up, we tell you whether to roll the dice on two stocks hitting new highs. but first, from blackjack to coach potatoes, jane wells has what is shaking on the west coast. jane? >> hey, melissa. we're going to decide whether to put it all on black or red. one company in the red over facebook's announcement. and why today is my favorite day of the year, when we come back. ♪ ♪ [ male announcer ] you don't have to be a golf pro to walk like one. ♪ when you walk 10,000 steps a day, it's the same as walking a professional golf course. humana. health and well-being partner of the pga tour. with multiple lacerations to the wing and a fractured beak. surgery was successful, but he will be in a cast until it is fully healed, possibly several months. so, if the duck isn't able to work, how will he pay for his living expenses? aflac. like his rent and car payments? aflac. what about gas and groceries? aflac. cell phone? aflac, but i doubt he'll be using his phone for quite a
MSNBC
Jan 16, 2013 6:00am PST
agreeing to a debt ceiling raise without a battle. government funding and government shutdown, different story. >>> let's turn back to the big story of the day. and that is the president's push on guns and the coming fight with both congress and the nra. in addition to calling on congress to pass gun control legislation, the president will propose a set of executive actions. nbc's justice correspondent pete williams is here to help explain some of those executive actions. a big one that we know he's going to call for is this idea, pete, of basically ordering the justice department to prosecute people that fail background checks. explain why that hasn't been done before, and how it can be done. >> sure, first of all. the federal law makes it a crime for somebody to falsify, knowingly falsify information to their background checks, saying that they're qualified to have a gun when they're not. presumably, most people know when they've been dishonorably discharged from the military, whether they have the felony conviction, whether they have a misdemeanor, domestic violence conviction. whether they're a drug abuser. whether they've been judged mentally defective, any of the things that would make them unqual
FOX Business
Jan 15, 2013 10:00pm EST
is adamant. he says he won't negotiate on the debt ceiling. all sorts of politicos and savants are talking about a government shutdown. in tonight's "chalk talk", we tell you the truth. and we will call him some trouble waters. plus new warnings about a downgrade of the u.s. debt. a familiar tune with the voice of doom. will the markets take them seriously this time citigroup's ♪ ♪ ♪ [ male announcer ] you don't have to be a golf pro to walk like one. ♪ when you walk 10,000 steps a day, it's the same as walking a professional golf course. humana. health and well-being partner of the pga tour. lou: let's take a quick look at what is happening to the markets and the economy. fitch is warning of a possible u.s. downgrade the debt ceiling talks drag on. citigroup had will join us here in just moments. retail stocks rolling up better than expected holiday sales season. the dow jones industrials up 27 points on the day. the s&p managed a point gain but still reaching anoer five-year high. the nasdaq is down six, that is only slightly from yesterday. the commerce department report
KRON
Jan 15, 2013 8:00pm PST
. after a strong rally by retail stocks offset tensions over raising the country's debt ceiling. on wall street. the dow finished the day up 27- points. at 13-thousand-535 the nasdaq fell six. it was dragged down by more apple losses. closing at 3- thousand-110 and the s-and-p-500 rose a point to 14-72. >> colin kaepernick is on the cover. is that a good thing? gary radnich coming up and if the 49ers advance they must meet one of their former head coaches >> those opening their paychecks today may be in for a rude awakening. as kron 4's dan kerman tells us. the return of an old tax rate means less money on your paycheck. >> reporter: if your first paycheck of the year, seems a little light it's not because something's wrong, it's because the holiday is over, the payroll tax holiday which to cut payroll tax by 2% for 2011 and 2012.. the tax holiday created by the president and congress expired at the end of last year meaning your payroll tax now goes back up to where it was from 4.2 percent to 6.2 percent households making between 40 and 50 thousand dollars will see 579 dollars less
MSNBC
Jan 16, 2013 3:00pm PST
they've been talking about, spending cuts. but coupling it with the debt ceiling just seems to be a non-starter. >> it's just a non-starter and a nons sense kal notion. but let me come back to you for one quick second, wes. it's gotten so bad, i mean, it's gotten so out of hand until they want to change the brand now. so tea partiers are trying to actually change their name because the brand has gotten so bad. salon reports that the south florida tea party has announced that it will change its name to the national liberty federation siting concerns about the branding and negative associations with the term tea party. >> well, you know, it's funny. they do have a branding problem. but changing the name ain't fixing it. the branding problem comes back to the policies that you cannot separate from whether you call it one name or whether you call it another name, whether you have one face in charge or another face in charge or whether that face looks different from the people who were in charge before. and as of right now, the only thing looking at it are obstructionists. and they will take notice if they notice that every single major debate that comes up, if the president
FOX Business
Jan 16, 2013 4:00pm EST
ceiling debate by getting rid of the debt ceiling all together. but would that give too much power to the president? that is the argument. that is the debate. we'll take you and jerry nadler there coming up. liz: germany's central bank pulling some of its gold out of new york and paris. we have somebody who says you need to look at this because it could turn out to be good news for gold prices. he also says we could see 1900 an ounce by the end of the year. find out why and how you could play this one. david: we all love gold. first before we get to all those stories we'll tell you what drove the markets with today's data download. it is a mixed day on wall street. dow settling lower while the nasdaq and the s&p posting gains the dow snapping a five-day winning streak. technology and energy were today's top performing sectors while materials and telecom lagged. meanwhile oil prices getting a boost on reports of a drop in u.s. supply. crude closing 1% higher to settle at $94.24 a barrel. >>> u.s. homebuilder confidence holding steady in january. this is the highest level we've seen in nearly seven years. so that is a good thing. the national association of home builders index released tod
FOX News
Jan 16, 2013 6:00am PST
agencies say they are going to lower our ratings but not because of the debt ceiling, but because they want a credible deficit reduction plan, and the president doesn't seem to be interested in actually coming up with a credible way to deal with the amount of spending we are doing in this country. bill: if that is the says, doyoo many me, do you think it can get through the senate. >> i imagine harry reid under the direction of the president will try to block these things. i'm going to continue to cosponsor senator haopl me's plan. we have a spending problem in this country. they know it in wyoming, families have to balance their budget every year. many states do. we do in wyoming. it's time for this senate and the house and the president to get serious about limiting our spending and specifically the wasteful spending that continues. in the last hour stewart varney and martha talked about some of the abuses that continue to go on. people know that their tax dollars are being wasted. we need to get the spending under control. bill: two days ago brit hume told us this will be bloody, this battle. will it? >> the future of our country is at stake here and the president wants to continue on his p
MSNBC
Jan 15, 2013 8:00pm PST
ceiling, on everything down the road, public pressure from the president rather than wasting his time on events that the republicans don't even want to come to at the white house. >> yeah, howard, my experience in the senate in the '80s and '90s, was simply that, the big difference was opponents treated each other much more respectfully, they did oppose what they were trying to do. but they didn't try to use tricky tactics. they were very open, honest about it. they let each other know well ahead of time. they didn't try to block every maneuver in parliamentary terms. but on anything important, i never saw anybody get a vote out of friendship or socializing snow >> good evening, americans, and welcome to "the ed show" from new york. what do you say we dive into crazy tonight. the call for civil war is getting louder. i think it's time for this country to have a real gut check. this is "the ed show." let's get to work. >> if he tried to override the second amendment in any way, i believe it would be an impeachable offense. >> the president is set to release his plan on guns. the majority of the country is behind him. but the rebel yell is get
CNBC
Jan 16, 2013 4:00pm EST
is that those broader macro issues, and i think it's the debt ceiling and sequestration talks, are really keeping the lid on the market so i don't suspect you'll see a real move up and through 1475 unless there's clarify coming out of washington. that's what i think the market really wants to hear. >> it sure does. rick, do you want to hear that? >> no, i don't think we will. but i do think the republicans are probably going to be more inclined when they come up with the weekend restreet strategy to pay more attention to the sequester side of the equation, my opinion. i agree with greg ip. if you're looking for the big run up in interest rates in 2013, at least in my opinion, you're going to be disappointed. here's what i still can't reconci reconcile. the beige book didn't give us a positive grow on jobs and on the 30th of month we'll look at the annualized pace of growth in the form of gdp, looking for 1.5%. another year where we don't see big tax revenues coming in because we're not creating a lot of jobs. the economy is growing less than 2%, and we're still bragging about what a great year it is for stock returns. >> maria, can i jump in here for a moment. >> i think, rick, got to stop looking at the glass b
CNBC
Jan 16, 2013 3:00pm EST
deal was made but the other stuff comes in. there's some of the comments up on your screen there from the individual banks. i think that two things. i think, obviously, going over or hitting the debt ceiling is a big deal, but i think the run up to the debt ceiling, this is what the beige book is telling us, bill, the run-up is a big deal and the whole question. i'm not saying it's -- it's very important to solve these issues, but i think what the market wants, what investors want and probably what the american public wants is an understanding of the process of how we make a decision. i really think at this time our democracy and how we make decisions is entirely up in the air and unclear to most people. if business understood how we got to go, then i think there would be more clarity out there. you could operate a business. >> you know, steve, i have a question to you. i know it's basically fed policy under ben, under chairman greenspan not to wade into the actual mode to solve these issues, but isn't it a bit disingenuous of the fed to talk about all this uncertainty without making
CSPAN
Jan 16, 2013 5:00pm EST
middle class americans, references if the debt ceiling 1 not raised -- >> guest: middle class starts at $70,000. what about the people making $40,000? >> host: okayment congressman? >> guest: i think you're right. i think you're talking about the debt ceiling and porting in jeopardy the full phase and credit of the country will hurt everybody, surely middle class people and people who are trying to climb up the ladder. it's wreckless, and when they talk without, well, let's pay some of the bills, and let's not pay others. i said to a reporter, asked me yesterday about this, i said, well, now you tell me which ones. you know, individual homes have trouble doing that and prefer not to. a nation the greatest nation in the world says we're going to pay some bills and not others and bondholders and defense contractors, and social security recipients. >> host: jodi on twitter asks "why is medicare, social security, and veterans services the only thing we hear about? isn't there administrative costs?" >> guest: sure there's administrative costs. administrative costs in social security and medi
CNBC
Jan 16, 2013 9:00am EST
safety but the debt ceiling and what he says is a new challenge to the housing market. "squawk on the street" is coming right back. ♪ ♪ ♪ [ male announcer ] some day, your life will flash before your eyes. ♪ make it worth watching. ♪ the new 2013 lexus ls. an entirely new pursuit. and his new boss told him two things -- cook what you love, and save your money. joe doesn't know it yet, but he'll work his way up from busser to waiter to chef before opening a restaurant specializing in fish and game from the great northwest. he'll start investing early, he'll find some good people to help guide him, and he'll set money aside from his first day of work to his last, which isn't rocket science. it's just common sense. from td ameritrade. at legalzoom, we've created a better place to handle your legal needs. maybe you have questions about incorporating a business you'd like to start. or questions about protecting your family with a will or living trust. and you'd like to find the right attorney to help guide you along, answer any questions and offer advice. with an "a" rating from the better business bure
CSPAN
Jan 16, 2013 1:00pm EST
. host: you are saying this will come down on middle class americans. you're referencing if the debt ceiling is not raised? caller: the middle class starts at like $75,000. what about the people that are making $20,000, $30,000, $40,000? host: ok, congressman. guest: i think you're right. i think you're talking about the debt ceiling and putting in jeopardy the full faith and credit of this country is really going to hurt everybody. surely middle-class people and people trying to climb up the ladder. it's reckless. and when they talk about, well, let's pay some of our bills and let's not pay others, i said to a reporter, asked me yesterday about this, i said, well, now you tell me which ones. individual homes have trouble doing that and prefer not to. the greatest nation in the world is going to say, we're going to pay some bills and not others and boll bondholders and defense contractors and social security recipients? host: jodie on twitter asks -- guest: sure, there are administrative costs, social security and medicare. by the way, in terms of administrative costs better than any
MSNBC
Jan 16, 2013 3:00am PST
actually let the republicans take us over a cliff, not a debt ceiling, but a spending one, where the government would shut down. he thought that that would pin them with responsibility. the president didn't want to do that. so they ended up coming up with a deal. you get some sense from these interviews about the tough decisions and the factors that go into the decision making that has taken place over the last four years. >> peter baker, thanks very much, for coming on. we appreciate it. your piece is in this sunday's "new york times'" magazine. joe conason, stick around. that's your punishment, you have to stay here with donny and i. more trouble in the skies for boeing's dream larlinerdreamlin. business before the bell with cnbc's brian shactman. weight watchers online worked for us. we don't argue much. we really don't. meg usually just gets her way, and i go along with it. i think it worked for matt because i did it for him. when i'm the one cooking, i'm the one calculating the points. i can microwave things. you get to eat real food. we still get to go out. we're just so much smarter about it. we can keep each other in check. going, "okay, i see you." we've lost about 110 pounds together. it helped our love life. happy wife,
CSPAN
Jan 15, 2013 8:00pm EST
television yesterday talking about the debt limit, debt ceiling. he's talked about our economy. i think it's worth noting that since 1923, when the president was required to furnish a budget in a time deadline given for furnishing that budget, 90 years, 90 years the president is required by law to furnish a budget. since 1923 those, those ensuing 90 years, there were apparently 11 times when presidents have been unable to get the budget to congress as required by law. and most of those -- well, some of those 11, there were very good reasons. but it's interesting to note in the last 90 years, out of the 11 times that the budget from the president has been late, four of those 11 have been under the obama administration. we're also informed that there is a chance once again, like there was a year and a half ago, that our credit rating of the u.s. could be lowered again. by another credit rating agency. some have tried to paint it as a different story, different picture, but for those of us who recall what happened, s&p made it clear that they didn't believe that the united states was serio
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